ycec(SH:600248)2022-06-28 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥159.48 billion, representing a year-over-year increase of 24.86% compared to ¥127.72 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥3.48 billion, an increase of 22.88% from ¥2.83 billion in 2020[27]. - The net cash flow from operating activities for 2021 was approximately -¥3.06 billion, worsening by 14.67% compared to -¥2.67 billion in 2020[27]. - The total assets at the end of 2021 were approximately ¥229.25 billion, reflecting a year-over-year increase of 25.99% from ¥181.97 billion in 2020[27]. - The basic earnings per share for 2021 was ¥0.9795, an increase of 8.98% from ¥0.8988 in 2020[27]. - The weighted average return on equity for 2021 was 23.1%, down from 26.42% in 2020, indicating a decrease of 12.57%[27]. - The company reported a net profit of approximately ¥1.41 billion in Q3 2021, showing a significant increase compared to ¥739.72 million in Q1 2021[30]. - The total non-recurring gains and losses for 2021 amounted to approximately ¥187.28 million, compared to ¥2.70 billion in 2020[31]. - The company's net assets attributable to shareholders at the end of 2021 were approximately ¥18.59 billion, an increase of 18.47% from ¥15.69 billion at the end of 2020[27]. - The company experienced a significant increase in net profit after deducting non-recurring gains and losses, reaching approximately ¥3.20 billion in 2021 compared to ¥128.19 million in 2020[27]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.11 per 10 shares, totaling RMB 409,465,933.75, based on a total share capital of 3,688,882,286 shares[6]. - For the 2021 fiscal year, the proposed cash dividend is 1.11 CNY per 10 shares, amounting to approximately 409.47 million CNY, pending shareholder approval[160]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - There are no significant risk events reported during the reporting period, and potential risks are detailed in the management discussion section[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not reported any violations of decision-making procedures regarding external guarantees[8]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the report's accuracy[4]. - The company has not faced any issues with more than half of the directors being unable to guarantee the report's authenticity[8]. - The company has not faced any significant legal penalties or criticisms from regulatory bodies during the reporting period, indicating strong compliance with governance standards[107]. Risk Management - The company emphasizes the importance of safety in all aspects of its operations and aims to improve its risk management systems[99]. - The company has established a risk warning system to enhance management levels and prevent operational risks, ensuring strict adherence to safety responsibilities[104]. - The company emphasizes the importance of cash flow management, aiming to recover funds promptly to maintain a secure cash flow chain[104]. Corporate Governance - The company has conducted 12 board meetings and reviewed 75 proposals during the reporting period, enhancing governance and decision-making processes[107]. - The company has implemented a centralized information disclosure system to ensure timely and accurate communication with investors[107]. - The company is actively participating in investor relations activities to improve communication and enhance its corporate image[107]. - The company is focused on maintaining a robust governance structure with independent directors overseeing operations and ensuring compliance[138]. Market and Business Strategy - The company is focusing on market expansion both domestically and internationally, enhancing its competitive advantage in key regions[45]. - The company aims to enhance its core competitiveness and brand influence through a strategy focused on optimizing its main business[99]. - The company will explore differentiated development paths and expand its market share in specialized markets, particularly in emerging industries[100]. - The company is committed to increasing investment in technology innovation to enhance its core competitiveness[99]. - The company will actively seek mergers and acquisitions to strengthen its asset base and business operations[99]. Environmental and Social Responsibility - The company has established a management system for environmental protection, actively promoting green development and minimizing environmental damage during construction[171]. - The company has committed to enhancing its environmental management practices and has published guidelines for pollution prevention in construction projects[175]. - The company has successfully completed the rectification of performance commitments that were not met in previous years, ensuring compliance with the profit compensation agreement[169]. - The company has received multiple honors for its contributions to poverty alleviation, including being recognized as an advanced collective in Shaanxi Province[179]. Human Resources and Training - The company employed a total of 31,856 staff across the parent company and major subsidiaries, with 1,855 in the parent company and 30,001 in subsidiaries[155]. - In 2021, the company organized over 9,500 training sessions, training more than 300,000 individuals, with a training budget exceeding 60 million yuan[159]. - The company revised its salary management policies to link compensation with economic performance and employee income, enhancing motivation and creativity[156]. Financial Position - The company reported a total of 239.11 billion yuan in trading financial assets, indicating a strong financial position[92]. - The company’s financing activities generated a net cash flow of RMB 6.01 billion, a significant increase of 246.67% compared to the previous year[75]. - The company’s debt-to-asset ratio improved from 90.51% at the end of 2020 to 89.90% at the end of 2021[38]. Subsidiaries and Acquisitions - The company acquired a new subsidiary, Shaanxi Construction Prefabricated Intelligent Manufacturing Co., Ltd., with a registered capital of 20 million CNY and a purchase price of approximately 4.43 million CNY[167]. - The company has been actively managing its investor relations and has set plans for 2021 during the 15th meeting of the 7th Board of Directors[143].